Summary
CSX Corporation filed a Form 8-K on January 12, 2009, to report preliminary fourth-quarter 2008 financial information. This report includes an anticipated non-cash impairment charge of approximately $0.27 per share, primarily related to the write-down of its investment in The Greenbrier resort. Investors should note that this information is preliminary and actual results may differ, as the company is still reviewing its financial and operating results. Identification of further assets requiring impairment charges could also impact final figures. The filing also references a press release issued on January 12, 2009, which contains additional details on the preliminary fourth-quarter financial results. While the 8-K provides an overview and specific impairment details, the press release likely offers a more comprehensive look at the company's performance during this period. Investors are advised to consult both documents, particularly the accompanying press release (Exhibit 99.1), for a fuller understanding of CSX's financial condition and outlook as of year-end 2008.
Key Highlights
- 1CSX Corp. announced preliminary fourth-quarter 2008 financial results via an 8-K filing on January 12, 2009.
- 2The company expects to record a non-cash impairment charge of approximately $0.27 per share.
- 3This impairment charge is primarily related to the write-down of its investment in The Greenbrier resort.
- 4The financial information presented is preliminary, and actual results could differ materially.
- 5Additional impairment charges may be identified during the final review of 2008 financial statements.
- 6The filing incorporates by reference a press release dated January 12, 2009, detailing the preliminary financial information.